the students are exceptionally bright and competitive and the classes are unconventional. it's founder is an i con this silicon valley and if you do well you could graduate with the money you need to start your own company. vic lee has the story. >> the school is housed in the old nine-story benjamin franklin hotel in downtown san mateo. it's name is still above the entrance. but now out front there are pictures of apple founders steve jobs and elan who started tesla motors. this is an unconventional school that teaches young entrepreneurs how to succeed in the real business word. it's founder, can't hit tim draper whos less includes hot list, skype and now he's spent millions founding the school. >> what i wanted to do was create a school of a type that encouraged people to step out there and become heros. to stick their neck out. as we say in the credo, to fail and fail again until they succeed. >> it's not open yet but the school held a month-long pilot program for some 40 students this summer. >> our brand, my reputation are paramount. >> each morning starts out with a